What is the best way to leave assets to minor children?
What is the best way to leave assets to minor children? Well, that depends on the testator’s intentions and risk level, but there are a few options and basics to keep in mind:
In Illinois, children under age 18 may inherit property, but can’t enter contracts and manage it. To leave minor children property, parents may consider a family trust or separate trusts for each child.
The trusts typically used for estate planning purposes include…